Andhra Pradesh has claimed that it has surpassed Gujarat in attracting private investments in the port sector during the first six months of the current fiscal. This was stated by K Pradeep Chandra, the Commissioner for Industrial Promotion, Industry and Commerce Department of the State.
Pradeep Chandra was delivering his keynote address at the two-day East Coast Maritime Business Summit in Visakhapatnam on September 19. The share of maritime trade for states without coastal port facilities was only 4 per cent of their gross state domestic product (GSDP), whereas this was 15 per cent for states, which have coastal port facilities, he said.
Anil K Gupta, Chairman and Managing Director, Container Corporation of India said that Visakhapatnam port will be the lead port in the East Coast in coming days, but container traffic in the East Coast was very low compared with the West Coast.
Telling that presently only 25 per cent cargo moved by containers in the country, he said this was 75 per cent in developed nations.